PARKEN Sport & Entertainment Balance Sheet Health
Financial Health criteria checks 4/6
PARKEN Sport & Entertainment has a total shareholder equity of DKK1.3B and total debt of DKK1.3B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are DKK3.4B and DKK2.2B respectively. PARKEN Sport & Entertainment's EBIT is DKK531.6M making its interest coverage ratio 11.2. It has cash and short-term investments of DKK135.2M.
Key information
102.5%
Debt to equity ratio
kr.1.31b
Debt
| Interest coverage ratio | 11.2x |
| Cash | kr.135.18m |
| Equity | kr.1.28b |
| Total liabilities | kr.2.15b |
| Total assets | kr.3.43b |
Recent financial health updates
Is PARKEN Sport & Entertainment (CPH:PARKEN) Using Too Much Debt?
Feb 25
Is PARKEN Sport & Entertainment (CPH:PARKEN) A Risky Investment?
Sep 29Is PARKEN Sport & Entertainment (CPH:PARKEN) A Risky Investment?
Jun 13Is PARKEN Sport & Entertainment (CPH:PARKEN) Using Debt In A Risky Way?
Dec 28Recent updates
Returns On Capital Are Showing Encouraging Signs At PARKEN Sport & Entertainment (CPH:PARKEN)
Dec 02Returns On Capital Are Showing Encouraging Signs At PARKEN Sport & Entertainment (CPH:PARKEN)
Aug 30Is PARKEN Sport & Entertainment (CPH:PARKEN) Using Too Much Debt?
Feb 25Is PARKEN Sport & Entertainment (CPH:PARKEN) A Risky Investment?
Sep 29Is PARKEN Sport & Entertainment (CPH:PARKEN) A Risky Investment?
Jun 13How Much Of PARKEN Sport & Entertainment A/S (CPH:PARKEN) Do Insiders Own?
Feb 03Is PARKEN Sport & Entertainment (CPH:PARKEN) Using Debt In A Risky Way?
Dec 28Shareholders Of PARKEN Sport & Entertainment (CPH:PARKEN) Must Be Happy With Their 56% Return
Nov 23
Financial Position Analysis
Short Term Liabilities: PARKEN's short term assets (DKK623.5M) exceed its short term liabilities (DKK575.5M).
Long Term Liabilities: PARKEN's short term assets (DKK623.5M) do not cover its long term liabilities (DKK1.6B).
Debt to Equity History and Analysis
Debt Level: PARKEN's net debt to equity ratio (91.9%) is considered high.
Reducing Debt: PARKEN's debt to equity ratio has reduced from 145.9% to 102.5% over the past 5 years.
Debt Coverage: PARKEN's debt is well covered by operating cash flow (30.4%).
Interest Coverage: PARKEN's interest payments on its debt are well covered by EBIT (11.2x coverage).